Independent Advisor Alliance Cuts Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Independent Advisor Alliance has reduced its holdings in Mondelez International by 15.4%, now owning 45,468 shares worth approximately $3.09 million.
• Mondelez International recently announced an increase in its quarterly dividend from $0.47 to $0.50 per share, representing an annualized yield of 3.2%.
• Analysts maintain a Moderate Buy rating for Mondelez International, with an average price target of $71.95, reflecting positive growth expectations.

Independent Advisor Alliance decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,468 shares of the company's stock after selling 8,281 shares during the period. Independent Advisor Alliance's holdings in Mondelez International were worth $3,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter worth approximately $26,000. Transce3nd LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $30,000. Orion Capital Management LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after purchasing an additional 346 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Morgan Stanley increased their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.95.

Mondelez International Stock Down 1.2%

Shares of NASDAQ MDLZ traded down $0.73 during mid-day trading on Thursday, hitting $61.46. 5,695,578 shares of the stock traded hands, compared to its average volume of 9,058,326. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market cap of $79.53 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.64 and a beta of 0.46. The stock has a fifty day moving average price of $66.96 and a 200-day moving average price of $65.51.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. Research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 73.26%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.